Thermo Fisher Scientific (TMO) announced Monday morning that it agreed to acquire Life Technologies Corp. (LIFE) for $76.00 per share in an all-cash deal valued at $13.6 billion. The deal is expected to close in early 2014.
Life Technologies has gapped open dramatically higher Monday and is now up 5.38 at $73.38 on the highest volume in 3 months. The stock has surged to a new high for the year.
Thermo Fisher Scientific has also gapped open sharply higher and is currently up 4.25 at $83.84 on above average volume. The stock has risen to a new high for the year.
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